The economy in China is growing at a slower rate, measured by %GDP, than it has been in recent history. The second order measure of the economy, the growth, the derivative, is slowing. The economy itself is not slowing.

The average person does not understand the difference, and many think that the Chinese economy is, in fact, slowing, like when we have a recession. Negative growth. In fact, the nominal amount of growth in the Chinese economy is far higher now than a few years back when it was 10%+. Why? Starting from a much bigger base now.

China is growing. A lot. The rate of growth is slowing, but it is still continuing to get much, much bigger every year.